Turkey
Turkish billet prices continued to increase last week, while imported scrap prices in the country had been rising since the week before, sources said on December 7.

Metal Bulletin’s weekly price assessment for billet imports into Turkey was $510-525 per tonne cfr, up from the $490-500 per tonne of the previous week.

Suppliers in the CIS region were offering material at around $510-525 per tonne cfr. However, demand for material was very weak because mills in the country were focusing on scrap bookings instead of billet.

Meanwhile, domestic and export billet prices in Turkey increased too.

Metal Bulletin’s weekly price assessment for domestic billet in Turkey on December 7 was $515-525 per tonne ex-works, up from $490-500 per tonne.

A steel producer in the Iskenderun region was heard selling 85,000 tonnes of billet at $515 per tonne ex-works earlier in the week. The same mill then sold 15,000 tonnes of billet at $520 per tonne later in the week.

The most recent sale from the mill was for 26,000 tonnes and was priced at $525 per tonne ex-works, Metal Bulletin has learnt.

The weekly price assessment for billet exports out of Turkey on December 7 was $520-530 per tonne fob, up from $500-510 per tonne.

Egypt
Steel billet import prices in Egypt increased last week and several deals were heard, while local rebar prices remained unchanged.